May 2018 Edition
Chairman's Foreword
By Adam Tyler, executive chairman at FIBA
As an adviser in today’s market, there has never been so much opportunity to provide world-class service to SMEs and individuals. However, in a sector as vibrant as this one, the value of being a member of a trade body like FIBA has also never been so important.
When do conflicts of interest arise?
By Daniel Fireman, head of banking and real estate finance at Howard Kennedy
Professionals involved in the facilitation of secured commercial loans will be aware that from time to time, solicitors cannot act for one or more parties to a loan transaction for conflict of interest reasons. Conflicts are not always immediately apparent, and can be actual, potential or perceived.
Good and poor practice in the eyes of the FCA
By Mark Greenwood, group regulatory policy manager at SimplyBiz
As our theme for Advantage this month is conduct in the market, this naturally leads to thoughts of treating customers fairly – but we’re leaving this topic for another contributor. However, the FCA recently released details of its review into staff incentives, remuneration and performance management in consumer credit and set out some examples of good and bad practice. If you want to look for information on the FCA site, the policy statement was PS18/7 with feedback to CP17/20 and final rules. The thematic review was undertaken in August 2015.